Cost of Living in Annapolis, MO

With a cost of living index of 58, Annapolis, MO is one of the most affordable cities in the country. Living here is 42% cheaper than the national average and 17% below the Missouri state average of 75. Annapolis is a small community of 443 residents.

Housing costs are the biggest factor in Annapolis's cost of living. The median monthly rent is $620 (53% below the US median of $1,319), and the median home value sits at $86,700 (72% below the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Annapolis is $27,308, which is 64% lower than the national median of $75,149. Residents spend roughly 27% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Annapolis. The area sees an average annual temperature of 58.6°F, with summers averaging 78°F and winters around 38°F. Annual rainfall totals 50.8 inches spread over roughly 126 days.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.